From MarketBeat:

AGCO (NYSE:AGCO) received a downgrade from “buy” to “hold” from StockNews.com. Several other analysts lowered their target prices, with the consensus price target for AGCO at $146.40. Currently, AGCO has an average rating of “Moderate Buy.”

AGCO stock traded at $122.31 on Wednesday with a trading volume of 325,478 shares. The company’s market cap is $9.16 billion, and it has a PE ratio of 7.95. AGCO last reported earnings of $3.97 EPS, beating consensus estimates by $0.70.

Institutional investors and hedge funds have been active in AGCO. Raymond James Financial Services Advisors and Acadian Asset Management LLC were among the buyers, with 75.39% of the stock currently owned by institutional investors.

AGCO Corporation manufactures and distributes agricultural equipment worldwide. Its products include tractors, related replacement parts, and technology solutions for sustainable farming practices.

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Read more: AGCO (NYSE:AGCO) Rating Lowered to Hold at StockNews.com